Market diary.For the week ended Feb. 25, each of the major indexes fell, as profit taking and waning consumer confidence set in within financial markets. The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. fell 0.7 percent, as did the S&P 500, while the Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed lost 2.6 percent. The tech-laden Nasdaq, which has led the market rally last year and the early part of this year, is now just I percent positive year to date. The LABJ LABJ Los Angeles Business Journal 200 Index of local companies fell 0.9 percent, and remains up 4.5 percent thus far this year. Declines led advances for the week by 122 to 65. Among the week's biggest gainers were Skechers USA Inc., up 15.5 percent to $12.40, Digital Theater Systems DTS (also known as Digital Theater Systems), owned by DTS, Inc. (NASDAQ: DTSI), is a multi-channel digital surround sound format used for both commercial/theatrical and consumer grade applications. Inc., up 12 percent to $24.69, and International Aluminum Corp., up 10 percent to $34.20. Losers included temporary placement firm On Assignment Inc., down 24.8 percent to $6.10, Specialty Laboratories, down 17.2 percent to $12.06, and Smart & Final Inc., down 14.4 percent to $10.90. Among local industry sectors, apparel eked out a 2.5 percent gain, while the energy/utilities sector rose 1.6 percent. Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , computer and communications sectors--all tech-related--each fell by 5 percent or more. |
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